This week's trading, analysis of individual stock holdings (07/08-11/08)
“There's only one way to protect your portfolio from huge losses, and that's to sell before a losing snowball turns into a huge loss.” -Mark Minervini
The first is a screenshot of my holdings after closing this week. This week's trading made me feel like an idiot. I was seriously taught a lesson by the market. The tuition fees I paid were close to half of the profits I earned before SMCI, as well as almost all of NVDA and RXST's profits![]()
. The tuition fee wasn't cheap; I learned an important lesson and found a loophole in my trading system as a former ambitious and greedy person. When I read Mark Minervini's books many times, I disdained the rules of strong selling, and I didn't understand why strong selling was necessary. I only understood the rationale behind it after experiencing it firsthand...
$Meta Platforms(META.US$ It was a trade I used a 2B structure with reverse thinking. I bought before the opening of the market on Tuesday, used a stop loss of 1.6% (just at the 2B selling threshold), and set up an automatic stop-loss order. I was notified of the automatic sale transaction in the middle of Wednesday. From that moment on, I really determined the market's intentions, and it was time to hold cash...
$Super Micro Computer(SMCI.US$ According to last week's trading plan, I sold 1/4 of my positions after jumping higher on Monday (high before breaking through) on Monday before the earnings report. The after-hours earnings report on Tuesday were good, but the price response was not bought (the results of the earnings report were never important for the price). It fell 10% + after the day's intraday period. On Wednesday, I dived lower and went all the way south. I tried to buy back the position I sold on Monday in the second strong support area (also around the weekly K 10EMA), but after closing, it fell below the 10EMA of the weekly chart. Positions, use the remaining 1/2 positions on the next day (Thursday) ) CPI data for the day's market fluctuations cleared the position. The return of nearly half of the profit was in exchange for an unforgettable and profound trading course... The tuition was worth paying, and I finally understood why almost every legendary trader in history mentioned this strong selling idea many times, and it will have a positive impact on my future trading career...
$NVIDIA(NVDA.US$ Half of the positions were sold after falling below the platform on Wednesday, and the last half of the positions were cleared on Thursday using fluctuations in CPI data. It fell below the 10EMA on the weekly chart at the close of Friday, which almost took back all of NVDA's profits from trading... The two leading stocks fell at the same time, so there's nothing to doubt about it.
$RxSight(RXST.US$ They also tried to buy additional positions around the 10EMA on the weekly chart, but after closing, they fell below the 10EMA on the weekly chart and immediately sold 1/2 of their positions. They also used the fluctuations in the CPI data market on Thursday. The RXST trade also took back almost all of the profit, and I honestly accepted this result...
$Carnival(CCL.US$ There was an accident in the deal here. It closed below my stop-loss line on Friday night, but I fell asleep on Friday night while watching a movie before closing... I missed the selling time and woke up at over 9 a.m. (Singapore time)... it will sell on Monday![]()
, currently accounting for 9.68% of holdings
$ProShares UltraPro Short QQQ ETF(SQQQ.US$The inspiration for the transaction came from signals given to me by several leading stocks, and QQQ already showed a 2B structure sale signal on Tuesday. After finding the stop-loss position and calculating the relative position in advance, I wanted to use the large market fluctuation after Thursday's CPI data to buy. The stop-loss level was set at 18.13, 1.7% stop loss. Currently, my holdings account for 19.99% (risk ratio of 0.34% of total capital). I won't be holding it for a long time. Price tracking $Invesco QQQ Trust(QQQ.US$ , the transaction volume is tracked $NASDAQ 100 Index(.NDX.US$ with $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$![]()
$Marathon Digital(MARA.US$ It continues to adjust. It seems that it has been fluctuating and falling, but the average trading volume is only half of the previous upward period. I gave it quite a bit of room. The stop loss is at 10EMA on the weekly chart, which currently accounts for 7.62% of positions
$Carvana(CVNA.US$ Recently, adjustments have continued. Most of the rising day trading volume is large, the falling day trading volume is small, and the 30-minute cycle also shows a bullish pattern. The stop loss is at 10EMA on the weekly chart, currently accounting for 3.65% of holdings
The market is a trader's teacher, and many things cannot be experienced or understood without experience.
Still optimistic about future opportunities, I think the next trade will take it to the next level![]()
“When a stock starts to rise massively, there's no guarantee that it will be caught. Therefore, you must always be prepared to exit the plan in order to reduce losses when the main basis is bad for you.” -Mark Minervini
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Cherry Cat : Thanks for sharing!
MrJun : Go for it!